Agreement or Contract for Deed for Sale and Purchase of Real Estate a/k/a Land or Executory Contract - South Carolina 2025

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A contract for deed, also known as a land contract, is an alternative method for financing the sale of a house or other real estate. The buyer and seller agree to an installment plan, where the buyer pays the seller directly over a period of time instead of in one lump sum when the transaction closes.
Is a contract for deed a good idea? The seller retains the title. This can extend through the completion of your payment plan, which can complicate things like ownership and taxes, as well as personal security and rights. Maintenance gets confusing. Theres little regulation. Sellers dont have it easy.
A South Carolina land contract establishes terms for the transfer of ownership of vacant land between a seller and purchaser. The contract documents the legal description of the property, the parties involved, the agreed-upon price, and any additional financial contingencies the parties wish to include.
A purchase and sale agreement, also called a sales and purchase agreement or a purchase and sales contract, is a legally binding document that parties in a transaction use to stipulate the terms and conditions that will guide the sale and transfer of goods or property.
Also termed an installment land contract, a land contract, or a land sales contract. Contract for deed can be considered a special type of real estate contract in which the seller provides funds to the buyer to purchase the property at an agreed purchase price and the buyer repays the loan in installments.
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Background: Under contract-for-deed dealsalso called land contracts, installment land contracts, land sales contracts, or bonds for deedthe seller agrees to turn over a homes deed only after the buyer completes a series of payments.

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